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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Kanamic Network Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €0.20.
The industry rank for Kanamic Network Co's Net-Net Working Capital or its related term are showing as below:
FRA:0WT's Price-to-Net-Net-Working-Capital is ranked worse than 64.25% of 193
companies
in the Healthcare Providers & Services industry
Industry Median: 7.68
vs FRA:0WT: 11.92
Kanamic Network Co (FRA:0WT) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Kanamic Network Co Net-Net Working Capital Related Terms
Kanamic Network Co Net-Net Working Capital Historical Data
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The historical data trend for Kanamic Network Co's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:0WT vs VEEV, BTSG, HQY: Net-Net Working Capital Comparison
For the Health Information Services subindustry, Kanamic Network Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kanamic Network Co Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Kanamic Network Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kanamic Network Co's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of €0.20 mean?
Kanamic Network Co (FRA:0WT) has a Net-Net Working Capital of €0.20 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Kanamic Network Co According to the industry distribution chart, Kanamic Network Co ranks #124 out of 193 companies in the Healthcare Providers & Services industry, placing it in the top 64.2%.
Is Kanamic Network Co's Net-Net Working Capital too high?
Kanamic Network Co's current Net-Net Working Capital is €0.20. Based on the distribution chart, Kanamic Network Co ranks #124 out of 193 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Kanamic Network Co has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Kanamic Network Co's Net-Net Working Capital compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Kanamic Network Co ranks #124 out of 193 companies for Net-Net Working Capital. This places Kanamic Network Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 7.68, based on 193 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Kanamic Network Co For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanamic Network Co's current Net-Net Working Capital is €0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanamic Network Co stock overvalued right now?
Kanamic Network Co (FRA:0WT) has a current Net-Net Working Capital of €0.20. The stock's GF Value™ is €3.43, compared to a current price of €2.86 — trading 16.6% below its estimated fair value. The current Net-Net Working Capital is €0.20. Kanamic Network Co's overall GF Score™ is 99/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Kanamic Network Co (FRA:0WT), the current Net-Net Working Capital is €0.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kanamic Network Co (FRA:0WT) Overvalued in 2026?
Based on GuruFocus' analysis, Kanamic Network Co stock appears to be undervalued.
The current stock price of €2.86 is trading 16.6% below its estimated GF Value™ of €3.43.
Key valuation signals for FRA:0WT:
Net-Net Working Capital: €0.20
GF Value™: €3.43 vs. price of €2.86 (16.6% below fair value)
No single metric tells the full story. See the FRA:0WT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanamic Network Co Ltd provides platforms and management systems for the health care industry. The firm develops software to support medical care and nursing care business management. It offers cloud services for construction of information sharing platform in the medical and nursing care field to local government staff, doctors, nurses, care managers; system integration and system solution business; Website production/management work; and planning, production, and sale of Web content and video, and various sales promotion tools. In addition, it offers management and system consulting services, and education and training services; and engages in planning and holding lectures, seminars, academic conferences.
99GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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